The premiums for a $100,000,20-year,decreasing term policy would be less than the premiums for a $100,000,20-year policy with a fixed face value,other things being equal.

Question

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The premiums for a decreasing term policy decrease over time as the face value of the policy decreases, while the premiums for a fixed face value policy stay the same. Therefore, the decreasing term policy will have lower premiums.

The Premiums for a $100,000,20-Year,decreasing Term Policy Would Be Less